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Bloomberg Tata Steel Ltd plans to cut as many as 3,000 jobs across its European operations to cut costs in the latest blow to the region’s industry, with the move coming amid a heated general election campaign in the UK. About two-thirds of the reductions would be office-based staff, the company said in a statement. While the steelmaker didn’t give ...

Bloomberg The world’s biggest lithium-ion battery is about to get even bigger, with Tesla Inc set to beef up capacity at the Hornsdale site in South Australia. The system will be expanded by 50% to 150 megawatts, according to an announcement from Neoen SA, the French company that operates the site. The storage site has already saved consumers more than ...

Bloomberg When fires raged across Brazil this summer and deforestation rates reached startling highs, users began downloading a small German search engine in a modest effort to counteract the devastation. Ecosia GmBH, a Berlin-based alternative to Google, donates as much as 80% of the profit it makes from running ads alongside search results to plant trees around the world. As ...

Bloomberg Lebanese protesters flocked to the capital on Tuesday and forced parliament to postpone its session indefinitely after facing off with the army and anti-riot police, adding to a political storm in the country even as banks reopened after a weeklong closure. The legislature will meet at a later date after demonstrations prevented enough lawmakers from reaching it to form ...

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Monday received Nana Akufo-Addo, President of Ghana, in Qasr Al Watan (or the Nation’s Palace), who is in the country on an official visit. Upon his arrival at the Palace in Abu Dhabi, ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, on Monday visited a side exhibition of the Global Business Forum (GBF), held in Jumeirah City. He was accompanied by His Highness Sheikh Mansoor bin Mohammed bin Rashid Al Maktoum. During his tour of the exhibition, His ...

MORONI / WAM The Emirates Red Crescent (ERC), is continuing its humanitarian and development initiatives in the Comoro Islands having signed contracts to establish new health and educational projects in the capital, Moroni, worth AED12 million. The contracts were signed with companies implementing the projects by Obaid Rahmat Al Baloushi, who headed the ERC delegation visiting the Comoro Islands to ...

Abu Dhabi / WAM Etihad Airways and Boeing on Monday announced a first-of-its-kind ‘eco partnership’, in which a specially-themed Boeing 787 Dreamliner will be used to test products, procedures and initiatives designed to reduce aircraft carbon emissions. The ‘Etihad Greenliner’, to be introduced early next year, will be used by both companies to explore and assess environmental sustainability initiatives while ...

Bloomberg After months of political protests and the onset of a recession, Hong Kong’s resilient labour market is starting to crack. Retailers, restaurants and hotels are cutting wages and hours or letting staff go just to survive. The city’s once record-low unemployment level is likely to accelerate its current rise if no solution to the five months of turmoil can ...

Bloomberg Thai companies are likely to raise the most money from initial public offerings in four years in 2019 as the formation of the nation’s first democratic government since the 2014 military coup has encouraged domestic firms to tap equity markets. Companies have raised 80 billion baht ($2.6 billion) this year on the Stock Exchange of Thailand and the Market ...